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Stocks temper their inflation expectations on copper pounding - Reuters.com

Stocks temper their inflation expectations on copper pounding - Reuters.com

Stocks temper their inflation expectations on copper pounding - Reuters.com
Jun 24, 2022 54 secs

NEW YORK, June 24 (Reuters) - Stocks on global markets jumped on Friday, with Wall Street up more than 2% and the MSCI global index set for a weekly gain after three straight weeks of declines, as sliding commodity prices eased worries about inflation.

The benchmark S&P 500 last week confirmed a bear market.

The Dow Jones Industrial Average (.DJI) rose 656.17 points, or 2.14%, to 31,333.53, the S&P 500 (.SPX) gained 86.74 points, or 2.29%, to 3,882.47 and the Nasdaq Composite (.IXIC) added 234.04 points, or 2.08%, to 11,466.23.

The pan-European STOXX 600 index (.STOXX) rose 2.62% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 2.16%.

In the foreign exchange market, the dollar index fell 0.297%, with the euro up 0.27% to $1.0551.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.


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